November’s ballot got a lot more crowded today as Secretary of State Debra Bowen announced three more weighty ballot measures have qualified to be put to voters:
An initiative to repeal recent legislation that would let businesses carry back losses, share tax credits and use a sales-based income calculation to lower taxable income – what the measure’s proponents say are corporate tax loopholes costing the state $2.5 billion per year. Opponents call it a “jobs tax” that will cripple the state’s already-damaged economy.
An initiative to increase the legislative vote requirement to two-thirds for state levies and charges, and impose an additional requirement for voters to approve local levies and charges. The measure, put forth by California Chamber of Commerce President and CEO Allen Zaremberg and supported by anti-tax groups, would mean a “potentially major decrease in state and local revenues and spending, depending upon future actions of the Legislature, local governing bodies, and local voters,” according to the Legislative Analyst’s Office and state Finance Department as summarized by the state Attorney General’s office.
An initiative to change the legislative vote requirement for passing a budget from two-thirds to a simple majority – in general, beloved by Democrats and reviled by Republicans.
Add these to the Water Supply Act placed on the ballot by the Legislature, as well as the marijuana legalization initiative; the congressional redistricting initiative; the vehicle license surcharge for state parks initiative; the local revenue protection initiative; and the AB 32 rollback initiative, and we’ve now got nine propositions on November’s ballot – almost all of them with big implications for California’s future.
UPDATE @ 10:02 P.M.: Make it an even 10; the folks at the Secretary of State’s office, burning the after-hours oil, tonight announced that yet another initiative has qualified for November’s ballot. This one would eliminate the state commission on redistricting (created by Proposition 11 of 2008) and put authority for redistricting back in the hands of the Legislature.